FY2026 Earnings Forecast for Target Issued By Roth Capital

Key Points

• Roth Capital has reduced its FY2026 earnings per share (EPS) estimate for Target to $7.77, down from $7.85, while the current consensus estimate is $8.69 per share.
• Target reported quarterly earnings of $2.05 EPS, slightly exceeding analyst expectations, but revenue declined by 0.9% year-over-year.
• The company has announced a quarterly dividend of $1.12 per share, representing an annualized dividend of $4.48 and a yield of 4.6%.

Target Corporation (NYSE:TGT - Free Report) - Research analysts at Roth Capital decreased their FY2026 earnings per share (EPS) estimates for shares of Target in a note issued to investors on Thursday, August 21st. Roth Capital analyst W. Kirk now anticipates that the retailer will post earnings of $7.77 per share for the year, down from their prior forecast of $7.85. The consensus estimate for Target's current full-year earnings is $8.69 per share. Roth Capital also issued estimates for Target's Q2 2027 earnings at $2.13 EPS, Q3 2027 earnings at $2.00 EPS and Q4 2027 earnings at $2.54 EPS.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to analysts' expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS.

A number of other brokerages have also recently commented on TGT. BMO Capital Markets reduced their price target on Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research report on Thursday, May 22nd. Truist Financial increased their target price on shares of Target from $90.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price on shares of Target in a research note on Wednesday. Evercore ISI dropped their price target on shares of Target from $108.00 to $106.00 and set an "in-line" rating for the company in a research report on Thursday. Finally, Guggenheim restated a "buy" rating and set a $115.00 price objective on shares of Target in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.55.

Target Price Performance

NYSE TGT opened at $97.0770 on Friday. The business's fifty day moving average is $101.99 and its 200 day moving average is $104.11. Target has a fifty-two week low of $87.35 and a fifty-two week high of $161.84. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.99. The company has a market capitalization of $44.11 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. DSG Capital Advisors LLC raised its holdings in shares of Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after acquiring an additional 21,726 shares in the last quarter. Viking Fund Management LLC raised its stake in Target by 20.0% during the first quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock valued at $6,262,000 after purchasing an additional 10,000 shares in the last quarter. Correct Capital Wealth Management raised its stake in Target by 44.7% during the first quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock valued at $1,415,000 after purchasing an additional 4,189 shares in the last quarter. Chapin Davis Inc. lifted its position in Target by 64.7% during the first quarter. Chapin Davis Inc. now owns 8,507 shares of the retailer's stock valued at $888,000 after purchasing an additional 3,342 shares during the last quarter. Finally, CMH Wealth Management LLC grew its stake in shares of Target by 31.5% in the 1st quarter. CMH Wealth Management LLC now owns 61,420 shares of the retailer's stock worth $6,410,000 after buying an additional 14,719 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insiders Place Their Bets

In related news, insider Brian C. Cornell sold 45,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the transaction, the insider directly owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.16% of the company's stock.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.6%. Target's dividend payout ratio is currently 50.11%.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.

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